How To Sell Bitcoin In India: 5 Best Websites [2023] - cyptoranking.com

2024-04-29

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Furthermore, the number of nodes, channels, and capacity have remained steady over the past year as nodes become more efficient. According to Bitcoinvisuals, the current LN capacity is 5,283 BTC, which is valued at around $146 million. Elliptic notes that nearly 39% of the illicit or high-risk funds were laundered over a one-year period. How To Sell Bitcoin In India: 5 Best Websites [2023]Country by country, the policies and regulations applicable to DeFi are, to put it mildly, fragmented. Yes, DeFi is a very new and complex field, so the situation is somewhat understandable, but analyzing and adopting many different, and ever-changing, rules makes compliance a big challenge. That said, regulatory compliance is a must so that people and businesses feel comfortable their DeFi activities fall within relevant laws. CrypToadz #4030 was purchased today on the OpenSea marketplace for 1,055 Wrapped Ethereum (WETH), or more than $1.6 million worth. The buyer also paid OpenSea a fee of almost $42,000 worth of ETH on top of the base price.

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— John Reed Stark (@JohnReedStark) October 9, 2023 Source: Sam Cooling x XreschAbracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov. The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as "cauldrons," which consist of CRV tokens belonging to Michael Egarov. The current interest rate on Egarov's $18 million loan is 18%, but the proposed protocol aims to raise it to a whopping 200%, effectively squeezing Egarov out of his position. By doing so, Abracadabra hopes to limit its exposure to CRV tokens to only $5 million.The proposed interest rate hike is not a sudden increase in rates, but rather a gradual decrease that starts at 200% and decreases as the loan is repaid through the automatic sale of CRV tokens. Developers anticipate that this strategy will result in the loan being fully repaid within six months, with all proceeds going to the Abracabadra treasury. "The effect of collateral-based interest is such that all interest will be charged directly on the cauldron’s collateral and will immediately move into the protocol’s treasury to increase the reserve factor of the DAO," the proposal reads."We believe this solution will reduce negative externalities associated with such positions compared to a simple interest rate hike"Big Whale Opposes Abracadabra Finance's Proposal It is worth noting that the proposal initially gained substantial support from the Abracadabra community.As of Wednesday at 13:00 UTC, a majority 99% of votes were cast in favor of the prposal. However, the poll has since changed course after a big whale voted against the plan. Earlier today, whale masterofdisaster.eth cast 10 billion SPELL tokens against the proposal.As of now, a majority 72% of votes are against the proposal, with another 27% supporting the change.Abracadabra community member known as "0xthespaniard" had previously voiced concerns about the risks associated with such a large loan.In a June post, the user acknowledged that the 18% interest rate contributes significantly to the protocol's profitability, but also highlighted the platform's asymmetric downside risk. At the time, they said that a liquidation event could prove fatal for the Abracadabra protocol due to the anticipated price impact on Curve's decentralized exchange.As reported, Curve Finance, a major player in the stablecoin swapping landscape, recently experienced a security incident that led to the loss of more than $100 million worth of crypto assets. The exploit also resulted in a decline in the price of CRV tokens, putting a $168 million holding belonging to founder Michael Egorov at risk of being liquidated. Crypto Billionaire Arthur Hayes' Vision: AI DAOs to Become Invincible, Driving DeFi's Supremacy over TradFi Best Crypto to Buy NowShibburn provides users with information about the Shiba Inu supply, burn rate, amount of burnt SHIB tokens over the last 24 hours, and latest burn transactions. Meanwhile, the Shiba Burn Tracker provides a graphical representation that shows the last 30 days of SHIB burn transactions. In addition, it has tabs that show the current month and last month’s SHIB burn statistics and all SHIB burn transactions month by month since the beginning. Cryptocurrencies are prone to the market’s extreme conditions caused by the absence of a central body that dictates their price. Due to their volatility, there are times their prices plummet. Compared to other investment options, cryptocurrencies have more erratic market fluctuations. This is why seasoned crypto holders always suggest trading and investing with due diligence.

The aftermath of the hack has been devastating for Fantom. The TVL (total value locked) data, a critical metric to gauge the health and adoption of DeFi platforms, is currently inaccessible, suggesting potential data integrity issues or a significant drop in user confidence. This lack of transparency further exacerbates concerns surrounding the platform. While the open interest in ETH futures has increased since the beginning of September, the fact that funding rates are neutral or negative indicates that the market does not have a clear direction, according to analysts. Changpeng Zhao's Secret Moves: How Binance's USDT Crisis Unleashed a Regulatory Storm“The environmental community tends to be a bit slow—the first headlines with regard to Bitcoin’s electricity consumption were in like 2017, 2018, when the first Bitcoin bubble happened,” de Vries said. “It took until the second half of 2022 before environmental organizations started to get seriously involved.” “In the world of sport, clubs are promoting volatile crypto asset schemes to extract additional money from loyal supporters, often with promises of privileges and perks that fail to materialize,” Dinenage said in the press release.

New Spot Trading Pairs: NTRN/BTC, NTRN/USDT, NTRN/BNB — Ryan Selkis 🪳 (@twobitidiot) October 10, 2023 Crypto trading platform reaches $1.2 settlement to resolve alleged compliance failuresDo you have anything to say about Base TVL or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter). “We reiterate our bullish outlook for BTC over the coming year, but in the short term, liquidity pressure can be on the sell-side,” the firm said. “This further adds to our belief that the coming period is a good time to accumulate.”

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